You work in the finance industry lending to home buyers don't you rona. Can you tell us when a loan application becomes a finance commitment. What happens when someone buys off-the-plan. Don't they have to get loan approval from a bank before they sign the purchase contract? Once approval is given does it flow through to being a finance commitment. If it does then doesn't that mean the commitment was executed at the contract date and not the settlement date?
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- Some good advice for 1st HBuyers
Some good advice for 1st HBuyers, page-13
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